Cloud computing Eucalyptus Project goes commercial

The Eucalyptus Project uses Eucalyptus to build self-hosted elastic computing clouds and aims to provide open source infrastructure for cloud computing. The key developers behind the project have launched a company with the intent of commercializing the technology, and have received $5.5 million in venture capital funding to get them started.

Eucalyptus can be used to build elastic computing environments—like Amazon EC2—on top of conventional clusters. It provides infrastructure for automating virtual machine provisioning and management so that a cluster’s computational resources can be made accessible to users in a more flexible way. It leverages the open source Xen hypervisor and it is designed to run on the Linux platform
The developers have launched a company called Eucalyptus Systems that will provide commercial support, integration, and development services for Eucalyptus users while continuing to develop the core code base under an open source license.
[Arstechnica]